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Montecito Market Update - June 2020


June was an exceptional month for Montecito real estate.

Pending sales, which is a great indicator of market strength, skyrocketed in June with approximately 49 properties in escrow, while the number of pending sales in June 2019 was only 22. Not only that, but the number of June 2020 sales was 27% higher than the number of sales in June 2019.

Because inventory is very tight, sales are frequently more competitive, with some homes not even making it into the MLS before selling. The majority of this activity is under $8M and although there has been a noticeable uptick in showings for the higher end estate properties, those sales are still lagging the $3-$8M market. All indications are that we should continue to see strong demand with buyers coming from both Northern and Southern California, as well as other parts of the country.



Going, going, gone!
Going, going, gone!
Make Sure You Have What It Takes!
Make Sure You Have What It Takes!
Toothbrush Ready!
Toothbrush Ready!
Montecito Market Update - June 2020
Montecito Market Update - June 2020
New Montecito Listing! The Perfect Place to Fill Your Soul
New Montecito Listing! The Perfect Place to Fill Your Soul
Montecito Market Update - June 2020
Montecito Market Update - June 2020
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Nancy Kogevinas

Luxury Collection Director

805.450.6233

Nancy@Kogevinas.com

DRE: 01209514

Berkshire Hathaway

HomeServices California Properties

1255 Coast Village Road 102C

Montecito, CA 93108

DRE: 01317331

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©2020 Berkshire Hathaway HomeServices California Properties (BHHSCP) is a member of the franchise system of BHH Affiliates LLC. BHH Affiliates LLC and BHHSCP do not guarantee accuracy of all data including measurements, conditions, and features of property. Information is obtained from various sources and will not be verified by broker or MLS. Buyer is advised to independently verify the accuracy of that information.